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Well the point is that it's not currently implemented into MP.  My comment was only as an idea to consider since I know that BeyondTV uses WME to stream video to other clients.

The only problem however (which I should have mentioned before and I apologize), is BTV can only stream video via WME if you have a software encoder card.

BTV also has a server/client setup which will let you stream video (from your hardware encoder card) by running a front end on another computer.  Ideally this is what a lot of people would like to see I'm sure.